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XRP Will Move Upwards Again, If It Breaks Through ResistanceIn this technical analysis I will walk you through a long set-up I found when charting XRP. There are a few important parts that I want to highlight on this chart. Position: I suggest a long position here on XRP as we see the entire crypto market trending upwards over the last few hours. Also, XRP is making higher lows and is about to break through a horizontal zone Entry: I wouldn't enter just yet. Though I suddenly see some bullish signals on XRP I wouldn't say it's confirmed yet. I suggest to wait for a proper breakout through the horizontal zone before you'd enter. This would be around the $.317 level. Take profit: As we've seen at least three times before on this chart the $.370 level is incredibly important. There is very clear resistance on this level. I suggest taking profit slightly below there to maximize the chances on a fill Stop loss: The risk reward is not good enough to hold it and potentially lose money towards the next horizontal level. Instead I suggest using a stop loss directly below the horizontal level to make sure you protect from downfall. Especially on an asset that has a lot of negative news like XRP has. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
BITSTAMP:XRPUSDLong
by Trading-Guru
11
Is ETH finally read to approach ATH?Hey Guys! After some strong price action after the SEC XRP FUD, a lot of Altcoins bled, including Ethereum.However, taking a look at the BTC chart, we can see that there is a lot of potential in terms of Ethereum price movement, this could all changes with a strong Bitcoin upwards rip, but as things currently stand; we are looking at a strong bullish sign for Ethereum. -Bo Sukas I will try to keep the ideas coming, just show me that you care by LIKING,SHARING & COMMENTING. SIX:BTC BINANCE:ETHBTC BINANCE:ETHUSDT COINBASE:ETHUSD CRYPTOCAP:BTC.D
Long
by BoSukas
2
Sudden Run on BTC Can Lead to CRASHHi all, I wanted to share this quick analysis on the 1h with my followers. There is some interesting behavior on BTC that I've been looking at for the last hours that I want you to know about. After every smooth run upwards, the price has dropped much much faster than the time it took to gain that price. Now that we're in the consolidation phase as per my previous idea, I want to warn you. The price is relatively high again at ~13,600 and a crash might come soon. Make sure you are not fully in long positions right now, and remember to buy low and sell high! -Trading-Guru
BITSTAMP:BTCUSDShort
by Trading-Guru
13